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Updated almost 3 years ago on . Most recent reply

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Kat McLead
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Newbies don’t give up. It took 3 years, but I just closed on 16

Kat McLead
Posted

… units. 
1 10 unit apartment

1 4 plex

1 duplex

All in a bundled commercial loan. 

I was scared to pull the trigger for years, so took baby steps and kept studying. I started with a syndicate  and was ready to purchase a 4 plex at my husband’s urging. Instead this bundle presented itself, and we said yes. The deal was stressful with uncooperative sellers, but we closed.

Newbies, keep at it. 

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Kat McLead
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Kat McLead
Replied

@Dave Carter 

We took out a commercial loan. All three properties were in one big loan. I thought you could not get a commercial loan without a 2 year track record and was looking at duplexes and quads. My hubby ignored all traditional advice, and got two commercial loans approved. It was a tough process with uncooperative sellers, but it is done!

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